SCHEDULE 2 - Transferred TCAE SCHEDULE 2 - Transferred TCAE Employees

Regulation 87(10)

1.   Interpretation

In this Schedule –

transferred TCAE employee means a person who –

(a) was on 1 January 1981 transferred from employment by the Council of the Tasmanian College of Advanced Education to employment by the Council of the University of Tasmania; and

(b) immediately before that date was a contributor for full benefits or a contributor for limited benefits within the meaning of the Retirement Benefits Act 1970 or Part VB of the Superannuation Act 1938 ;

University Council means the Council of the University of Tasmania established under the University of Tasmania Act 1992 .

2.   Liability of University Council

(1) If a transferred TCAE employee becomes, or has become, entitled to a pension, benefit or other payment under these regulations or the former regulations –

(a) the University Council is to pay to the Commission the proportion of the pension, benefit or other amount calculated in accordance with the formula set out in subclause (2) ; and

(b) the Minister is to pay to the Commission the balance of that entitlement.

(2) The liability of the University Council is to be determined by the following formula:

where –

L is the liability of the University Council;

S is the total period of service as an employee of the University Council;